United Kingdom
P&I Portal

Standard Club

The Standard Steamship Owners’ P&I Association (Bermuda) Limited
12/13 Essex Street, London WC2R 3AA, UK
standard-Club.com t +44 (0)20 3320 8888

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2017 2016 2015
10,831 8,567 8,340
Total owned entered GT
2017 2016 2015
126,200,000 116,300,000 111,500,000
Total chartered GT
2017 2016 2015
24,000,000 22,100,000 23,500,000
Total MOU chartered GT
2017 2016 2015
8,900,000 7,500,000 7,500,000

Entered GT by region

Entered GT by region

Income Statement (year ending - 20th February) USD 000s

  2017 2016
Income Calls and premiums 338,800 354,300
Excess Calls 0 0
Reinsurance Premiums -77,000 -90,100
Total Income 261,800 264,200
Expenditure Net claims incurred 200,800 206,900
Net operating expenses 43,500 39,600
Total expenditure 244,300 246,500
Underwriting result pre investment/other financial income and tax 17,500 17,700
Investment/other financial income 21,900 -9,000
Tax/interest charged 1,000 1,100
Overall result 40,400 9,800
Free reserves 430,500 390,100

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2016
Rating A A
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Increase % 3 3.5 5 7.5 12.5 5 2.5 0 0
Supplementary Call Record % 0/0 0/0 0/0 0/0 0/0 0/0 0/-5 0/-5 0/0

Release Call Percentage

2015 2016 2017 2018
0% 0% 6% 6%